Thursday, April 27, 2017

Today in FRAMING!

U.S. stock indexes edged higher as gains in shares of technology companies offset losses in the energy sector.

Stocks have generally risen in recent sessions, buoyed by corporate-earnings reports pointing to health in U.S. companies.

So -- where are the records?... The Dow Jones Industrial Average rose 6.24 points, or less than 0.1%, to
20981.33 on Thursday. The S&P 500 rose 1.32 point, or less than
0.1%, to 2388.77 and the Nasdaq Composite gained 23.71 points, or 0.4%, to 6048.94, hitting a fresh closing high.

In the object-free world of Drudge syntax, BEATS! means "exceeded expectations." Or "Happy Days are Here Again," or something like that. Anyway, one out of three ain't bad. But the real point seems to be that we all know who(m) we have to thank for all the smashing and beating.** That might be interesting once GDP decides to start obeying the business cycle again.

* Yes, the link that says wsj.com/articles/stock-markets-broadly-down-1493261591, if you're scoring along at home.** Though perhaps not for the 10.15% year-to-date increase in the Class A stock of the failing New York Times.